Proof Raises $50M in Latest Funding Round

Proof, an NFT collective, announced that it has successfully raised $50 million in a series A funding round. This round saw participation from companies like Ventures and Collab+Currency, and was also led by Andreessen Horowitz. 

Details About the Funding Round

In a press release, Proof CEO Kevin Rose said that the company was happy to have gotten so much support and planned to continue delivering great products and services. One of these products will be Moonbirds Mythics, the third release from the Moonbirds NFT collection, which was announced along with the funding.

This will release will consist of 20,000 profile picture NFTs and will be released in early 2023. Ahead of its rollout, Proof has announced that its licensing and IP will be handled by a decentralized autonomous organization called Moonbirds DAO. Finally, Proof will be expanding its ecosystem with the launch of both a social media platform and a native token to further connect users. 

Using these, more insights will be gotten into user behaviour and given how successful the collection has been this year, there will be quite a bit to report.

“When we do something it should be uniquely our own, with real utility, something that will push what’s possible in new and exciting directions,” says Rose.

Want more? Connect with NFT Plazas

Join the Weekly Newsletter
Join our Discord
Follow us on Twitter
Like us on Facebook
Follow us on Instagram

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.